CNPC in Abu Dhabi deal

China National Petroleum Corp (CNPC) has obtained offshore crude oil and natural gas extraction rights in Abu Dhabi, domestic news site ifeng.com reported on Wednesday, citing sources familiar with the matter.

The Chinese company will purchase 10 percent stakes in two fields, Lower Zakum and Umm Shaif & Nasr, respectively, the report noted.

Abu Dhabi National Oil Company and CNPC declined to comment on the matter, according to ifeng.com.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year.  As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2018 will be held at Meijiang Convention and Exhibition Center in Tianjin in October 18-20, 2018. We invite you to join the event and to celebrate the 20th anniversary of CHINA MINING with us. For more information about CHINA MINING 2018, please visit: m.balanzskin.com.

Baidu
map